I have a sneaky feeling that Gold and silver have finally approached bottom for a long time.
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DislikedI have a sneaky feeling that Gold and silver have finally approached bottom for a long time.Ignored
DislikedI have a sneaky feeling that Gold and silver have finally approached bottom for a long time.Ignored
DislikedI have a sneaky feeling that Gold and silver have finally approached bottom for a long time.Ignored
DislikedAnythings possible... but when markets experience parabolic moves such as gold (and even more so, silver) did recently... once that parabola is broken, usually one can expect to see the entire distance of the parabolic move retrace.
For silver, this is somewhere around $20 or lower...
gold is less clear... but somewhere around $1000 would be a safe bet.
Also, consider if the dollar keeps moving up, that will put downward pressure on all commodities (since they are all pretty much priced in dollars)
And finally, if the fed starts to raise interest...Ignored
DislikedAhhh, and now your talking days. I guess I assumed long time was months/years.
for the next couple days, i have no opinionIgnored
DislikedYea maybe... depends what NY does. But dollar on the verge of a medium term top aswell looks like its trying to price something in, maybe QE so when it does get called the smart money will be sitting on top. All of my MM lines are at +1 and +2, can't keep going much longer unless full blown crisis unfolds right now.Ignored
Dislikedso ...
we still have down trend with old targets ..
1,22 - 1,2000Ignored
Dislikedit can goes lower bad news and widowth ecb suport ...will keep down ..we still have allmowst 3 weeks so if we go down in that rallies style we might go under 1.2.for sure..about a reversal.. i dont see how when we recive only bag news ..Ignored
DislikedWell, the day there is new, significant bad news, but the E/U rallies up with conviction regardless... this is one clue i'll be looking for to tell me that the movement down is likely over or coming to an end very soon.
XIgnored
Dislikedyou think QE = years? I don't think it's that simple. If QE were to stimulate U.S. equity markets or other U.S. investments and thus creating a large amount of viable investments that are on track to outpace gold in terms of ROI... it's very possible that a QE in such a case would fail to create any long term momentum upward for gold... at least not on the order of 1 year +
but, should the other U.S. investment opportunities look to underperform gold on the whole, in spite of a QE...then yes.. your likely correct, and gold will see another push...Ignored
DislikedThe way it got bought up at the bottom without making a new low on the H4... all the metal stocks look the same way.. gap down capitulation by retailers then buy...Ignored
DislikedDow sp have to rise with usd and its starting to happen. Gold hasnt caught on.Ignored